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File #: 13-0607    Version: 1 Name: Modify MAP Loans With Resale Restrictions
Type: City Resolution Status: In Council
File created: 5/21/2014 In control: Meeting of the Oakland City Council
On agenda: 6/10/2014 Final action: 6/17/2014
Title: Subject: Modify MAP Loans With Resale Restrictions From: Housing And Community Development Department Recommendation: Adopt A Resolution Authorizing Modifications To The Repayment Terms For First-Time Homebuyer Mortgage Assistance Program Loans Funded After April 2001 On Resale Restricted Properties To Allow Loan Assumption And Limit Recapture To A Share Of Appreciation, And Amending The Consolidated Plan For Housing And Community Development To Provide For These Modifications
Attachments: 1. View Report.pdf, 2. 85058 C.M.S.pdf
Title
Subject:      Modify MAP Loans With Resale Restrictions
From:             Housing And Community Development Department
Recommendation:  Adopt A Resolution Authorizing Modifications To The Repayment Terms For First-Time Homebuyer Mortgage Assistance Program Loans Funded After April 2001 On Resale Restricted Properties To Allow Loan Assumption And Limit Recapture To A Share Of Appreciation, And Amending The Consolidated Plan For Housing And Community Development To Provide For These Modifications